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Dr. Fly
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,474 Blog Posts

Clown Car Capital: John Paulson Puts Personal Assets to Back Funds Credit Line

Dr. Fly Tue Jan 26, 2016 10:31am EST 3 Comments

Every single thing this man has touched, since his great housing collapse hit in 2008, has turned into salt. It’s amazing, actually. Believe it or not, he’s actually long Puerto Rico now. It almost reminds me of that old movie with Richard Pryor where his task was to lose a fortune in order to inherit a larger one, only in this case Paulson is successful in losing the larger one.

He’s now putting up his personal fortune to support his funds credit line. His fund has been halved since 2009.

According to Exodus, his top holdings are AGN, VRX, TWC and GRFS. His year to date losses are in the 15% range.

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3 comments

  1. stockslueth
    stockslueth
    January 26, 2016 at 10:44 am

    mean reversion

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  2. pkmui1
    pkmui1
    January 26, 2016 at 11:03 am

    Brewster Millions!

    • 0
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    • 0 Deem this to be "Fake News"
  3. Dr. Fly
    Dr. Fly
    January 26, 2016 at 11:22 am

    Iceberg stock

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    • 0
    • 0 Deem this to be "Fake News"

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